Purpose:

Approval has already been obtained for the
council acquisition of the gas holder site from National Grid and
also for the council to fund the full amount of the demolition
costs and therefore the purpose of the report is for information
only, to confirm the final demolition costs, which have been
assessed on an open book basis and to provide a brief explanation
for the increase in costs.

Decision:

RESOLVED - That:
the council to complete the purchase of the gas holder site from
National Grid and to pay the balance of the actual demolition costs
incurred by National Grid.

Reasons for the decision:

Option 1 - To complete the purchase of the gas
holder site from National Grid and to pay the balance of the actual
demolition costs incurred by National Grid.

Alternative options considered:

This is the only realistic option to be
considered as the council is already under contract to National
Grid to purchase the gas holder site and to fund the full cost of
demolition, as per the previous approvals.